Subjects>Law & Government>Governmental Structures

What is the best description for the word trusts?

Anthonycody ∙

Lvl 1

∙ 8y ago

Updated: 9/21/2023

There are different definitions of the word trusts.

As a verb, trust means to have faith in (what a person / company says or does); to believe in the words or actions of someone or something.

Example: I felt I could trust the company when the representative promised the repair would be completed today.

A second definition of trust or trusts, as a noun, refers to a financial and legal designation for something of value, such as personal money, stocks, bonds, or business affairs.

Examples: My husband set up several trust accounts; one holds all his business dealings; one is a trust fund for our children; and another is specifically for our grandchildren. These trusts are overseen by administrators we assigned.

Wiki User

∙ 8y ago

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